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S&P 500 ETF rebounds, signaling bullish outlook amid strong jobs data and robust earnings forecasts.

Market News
05 Apr 2026
Seeking Alpha
View Source
Bullish
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The S&P 500 ETF reversed an early sharp decline, indicating renewed bullish sentiment as markets look past recent macroeconomic risks. A strong March jobs report, adding 178,000 jobs with 3.5% wage growth, suggests fears of stagflation are exaggerated and economic growth continues. Earnings estimates for Q1 remain strong, with forecasts up to 17%, implying stocks may be undervalued and could see higher price-to-earnings multiples. The analyst remains cautious with hedges but is selectively investing in aerospace, defense, and internet services, while keeping cash ready for potential market dips.

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